23 Ian Coughlan
PRESIDENT AND EXECUTIVE DIRECTOR
POWER SCORE: 1,138
POSITION LAST YEAR: 34
CLAIMS TO FAME
More than 30 years’ industry experience including 10 years with Wynn Resorts
Boasts a strong mass market pedigree
It may have been a long and arduous year for parent company Wynn Resorts, but it has been business as usual for Wynn Macau where Wynn Palace continues to rise and revenues keep heading north. Ian Coughlan deserves plenty of the credit for that, having been appointed President in late 2016 with a specific mandate to boost Wynn Palace’s mass market presence following a slower than expected initial ramp.
Two years later, mass market table drop at Wynn Palace in 3Q18 saw year-on-year growth of 37.3% to US$866.6 million while peninsula property Wynn Macau saw mass table drop up 10.6% to US$1.18 billion. The impressive results lifted Wynn’s Macau market share to 17.4%, a significant improvement on 15.3% market share in the previous quarter.
Coughlan is highly respected at Wynn, having first joined Wynn Macau in 2007 as Director of Hotel Operations and later that year becoming President of Wynn Resorts (Macau) SA – presiding over a golden period for Wynn Resorts’ Macau operations.
Having now taken on even greater seniority following former Chairman Steve Wynn’s fall from grace in February, Coughlan’s reward from new boss Matt Maddox will be a fancy new development on an empty parcel of land the company holds alongside Wynn Palace.
During Wynn Resorts’ 3Q18 earnings call, Maddox announced that it will build a brand new theater-focused pavilion offering an array of entertainment options plus two new all-suite hotels adding an extra 1,300 rooms – a valuable commodity in Cotai these days.
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